TAILIEUCHUNG - Lecture Fundamental accounting principles - Chapter 18: Managerial accounting concepts and principles

The learning objectives for this chapter include: Describe important features of job order production, explain job cost sheets and how they are used in job order cost accounting, apply job order costing in pricing services, describe and record the flow of materials costs in job order cost accounting, describe and record the flow of labor costs in job order cost accounting. | Managerial Accounting Concepts and Principles Chapter 18 PowerPoint Editor: Beth Kane, MBA, CPA Copyright © 2015 McGraw-Hill Education. All rights reserved. No reproduction or distribution without the prior written consent of McGraw-Hill Education. Chapter 18: Managerial Accounting Concepts and Principles 18-C1: Purpose of Managerial Accounting 2 Managerial accounting provides financial and nonfinancial information for managers of an organization and other decision makers. Managerial Accounting Basics C 1 3 Managerial accounting is an activity that provides financial and nonfinancial information to an organization’s managers. Managers include, for example, employees in charge of a company’s divisions; the heads of marketing, information technology, and human resources; and top-level managers such as the chief executive officer (CEO) and chief financial officer (CFO). To do their jobs, such managers need more than just the general-purpose financial statements provided by the financial accounting system. This section explains the purpose of managerial accounting (also called management accounting) and compares it with financial accounting. Purpose of Managerial Accounting C 1 4 The purpose of managerial accounting is to provide useful information to managers of an organization. Managerial accounting helps managers with three key tasks: (1) determining the costs of an organization’s products and services, (2) planning future activities, and (3) comparing actual results to planned results. Nature of Managerial Accounting C 1 5 Managerial accounting differs from financial accounting. We discuss seven key differences in this section, as summarized in this slide. Fraud and Ethics in Managerial Accounting Fraud affects all business and it is costly: A 2014 Report to the Nation from the Association of Certified Fraud Examiners (ACFE) estimates the average . business loses 5% of its annual revenues to fraud. The Institute of Management Accountants has issued a .

• Kế toán - Kiểm toán
• Accounting principles
• Fundamental accounting principles
• Lecture Fundamental accounting principles
• Managerial accounting
• Managerial cost
• Reporting manufacturing activities
• Accounting information systems
• Fundamental system principles
• Technology based accounting systems
• Accounting information
• Financial accounting
• Merchandising operations
• Accounting cycle
• Completing the accounting cycle
• Classified balance sheet
• Accounting for partnerships
• Partnership form of organization
• Basic partnership accounting